Loan to purchase a tracking device & spare parts for my motorbike
Brenda
Nairobi, Kenya
100% repaid
Entrepreneur
Name
Brenda
Member since
August 2015
On-time repayments
331 installments • 59%
About Me
I was born in Nairobi, Kenya in a family of eight. My father is a retired civil servant. The retirement forced my family to relocate to our rural home, where I joined Lwak primary school. The free primary education program had not started then and with my fathers' pension of 40 dollars per month and eight children to support I was in and out of school. I settled with myself that I had to excel in education for me to make it in life. I was crowned the best student In the Kenya Certificate of Primary Education in my school .I Joined Moi Girls Eldoret Where I got sponsorship, then Masinde Muliro University, with the help from the government disbursements to needy students (HELB), I was able to finance my college education and graduated. Employment in Kenya was not forthcoming, thus I followed my passion for entrepreneurship. I would buy curtains from second hand market in Gikombaa and sell. I later got a contract from (IEBC) the election body in Kenya for the 2013 elections. I got 30 dollars which I saved to buy a motorbike and borrowed the rest from a cousin whom I repaid in installments. This is run by my orphaned nephew who remits 3 dollars every day, the excess he uses for his own needs. Motorbikes are widely used in rural Kenya, which are inaccessible due to poor roads, thus presenting an opportunity to invest. I would not like my children to experience the kind of life that I did. My first born would like to be a journalist when she grows up and I am determined to make her dreams valid.I purpose to sharpen my entrepreneurial skills and make their future better and brighter and make them financially independent, realizing their full potential through innovation and entrepreneurship hence solving problems. I wish this for women in general by initiating several groups (chama) for savings and investing.
My Business
I am currently involved in a health and beauty business. I need to buy a lap top to be able to reach professionals with my products and my business model.
The laptop will cost about 300 dollars.
The balance will be used to purchase a projector
Loan Proposal
I would like to buy a tracking device for motor bike which will cost me 15 dollars and spare parts such as lights and carrier for carrying goods which will cost me another 15 dollars in total.This are important because they will enable me to be able to track the location of my motorbike at any given time and also protect it from theft.The carrier will bring in more sales as I will diversify , as I will be able to venture into carrying goods as well as people.This will increase my profits by almost 30 percent per week and my bike will be safe.
Feedback
Positive
8
Neutral
None
Negative
None
Loan Info
Project Type
Classic Loan
Disbursed amount
$302.00
Date disbursed
Aug 18, 2016
Repayment status
On Time
Projected term
5 months
Other loans
Lenders
Hong Kong
United States
United States
Ask Brenda a question about this project, share news and photos of your own, or send a simple note of thanks or inspiration.
Sarai Mar 13, 2023
Urszula Oct 26, 2017
Loading...